Brief: Thine Electronics says business and capital alliance with Cathay Tri-Tech

Thine Electronics

20/11/2018 06:52

Nov 20(Reuters) - Thine Electronics Inc  6769.T  
    
    * Says it plans business and capital alliance with Cathay
Tri-Tech.,inc
    * Says it will acquire 52.39 percent stake in Cathay
Tri-Tech.,
from three shareholders of Cathay Tri-Tech, for 353.5 million
yen 
    * Transaction date on Dec. 6
    * Says it will distribute 170,330 shares of its treasury
common
stock at 1,108 yen per share through private placement to two of
the three shareholders of Cathay Tri-Tech
    * Says placement date is Dec. 6

    
    
    Source text in Japanese:http://bit.ly/2Fu2lRF
    Further company coverage: 6769.T 

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